Today, digitization is an important driver for the success of companies. To stay ahead of the competition, it is important that boards of directors develop and implement a digital transformation strategy. But what is the best way to go about it?
Today, digitization is an important driver for the success of companies. To stay ahead of the competition, it is important that boards of directors develop and implement a digital transformation strategy. But what is the best way to go about it? We have five important points that can help you:
1. clear target image
First, an inventory should be taken to determine the current status of digitization in the company. This includes assessing the company's capabilities and resources with regard to digitization. Subsequently, a clear target picture should be developed that describes where the journey is to go and defines in more detail which products, systems and processes are to be digitized.
2. involvement of all relevant stakeholders
An important component of a successful digitization strategy is the involvement of all relevant stakeholders, especially employees. They are the ones who have to implement the changes in the company on a daily basis and should therefore be included in the planning.
3. culture of learning and innovation
To successfully implement digitization, it is also important to foster a culture of learning and innovation. This includes taking risks and allowing mistakes to be made in order to learn from them.
4. security of data and systems
A digital transformation strategy should also consider the security of the company's data and systems. This includes taking appropriate measures to protect against cyber attacks and reviewing them regularly.
5. continuous monitoring and adjustment
Finally, it is important that the digitization strategy is continuously monitored and adjusted to ensure that the company stays on track and is ready to meet the challenges of the future.
In summary, developing and implementing a successful digitization strategy can be a major challenge for boards of directors. However, by taking all relevant factors into account and involving all stakeholders, boards of directors can help to ensure that their company looks to the digital future successfully.
Do you still need the right experts on your board for digital transformation? We are happy to get in touch and are available to advise you with our network and expertise.
Batterman Consulting Basel AG
Executive Search,
Byfangweg 1a, CH-4051 Basel
T +41 58 680 55 55
basel@batterman.ch